Exercise 23.8 Budgeting Cash Receipts (L023-4, LO23-5) Sales on account for the first two months of the current year are budgeted as follows. Tebruary 384.000 All sales are made on terms of 2/10, 1/30 (2 percent discount if paid in 10 days, full amount by 30 days collections receivable are typically made as follows. Collections within the month of sales within discount period After discount period Collections within the month following sales within discount period After discount period Returns, allowances, and uncollectibles Total Deferences Compute the estimated cash collections on accounts receivable for the month of February Estimated cash collections